Connect with us

Finances

Zelenskyy’s earnings fell drastically following Russia’s invasion, new declaration reveals

Published

on

Spread the love

Advertisement

Ukrainian President Volodymyr Zelenskyy speaks with CNBC’s Andrew Ross Sorkin on the World Financial Discussion board Annual Assembly in Davos, Switzerland on Jan. sixteenth, 2024.

Adam Galici | CNBC

Advertisement

Ukrainian President Volodymyr Zelenskyy revealed his earnings for the primary time on Sunday as he seems to advertise transparency and deal with corruption as a part of the nation’s push for EU membership.

Ukraine formally began the screening course of to start EU membership final week and faces stringent situations on addressing its historic corruption downside.

Advertisement

The Zelenskyy household earnings fell virtually threefold between 2021 and 2022, in line with the declaration on the presidential web site.

Zelenskyy and his relations obtained 10.8 million Ukrainian hryvnias ($286,168) in 2021, the yr earlier than Russia invaded Ukraine, which was down virtually 12 million hryvnias from the earlier yr. The 2021 determine included round $142,000 in earnings from the sale of presidency bonds.

Advertisement

“Volodymyr Zelenskyy continues to personal plenty of logos. Specifically, in 2021, the method of registering 22 logos, which started lengthy earlier than his election as President of Ukraine, was accomplished,” the president’s first-ever public declaration of earnings stated.

In 2022, the Zelenskyy household earnings fell to three.7 million hryvnias as a result of “non permanent termination of lease agreements on the territory of Ukraine on account of the start of Russia’s full-scale aggression.”

Advertisement

The household’s money stability on the finish of 2022 dropped by virtually 1.8 million hryvnias, the declaration stated, whereas its asset, actual property and automobile possession was unchanged over the 2 years.

There will be a lot of investment needed for the reconstruction of Ukraine, says EIB President

Zelenskyy has urged all public officers to reveal their incomes as a part of a wider effort to advertise transparency, and Ukraine’s Nationwide Company on Corruption Prevention final month reopened a register on declared earnings to public scrutiny.

The U.S. and different allies supplying monetary support and weaponry, together with establishments such because the Worldwide Financial Fund, have additionally sought assurances about Kyiv’s efforts to eradicate graft in public workplace.

Advertisement

The Safety Service of Ukraine (SBU) revealed on Saturday that it had uncovered a $40 million arms procurement corruption scheme after a two-year investigation.

5 staff from Ukrainian arms agency Lviv Arsenal allegedly conspired with Ministry of Protection officers to embezzle funds earmarked for the acquisition of 100,000 mortar shells.

Advertisement

The SBU stated 5 folks had been charged and will withstand 12 years in jail if discovered responsible.

Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.